Maritime Executive: U.S. Treasury Sanctions 12 More Shadow Fleet Vessels Linked to Iran
On Wednesday, the U.S. Treasury's Office of Foreign Asset Control (OFAC) imposed sanctions on 12 more "shadow fleet" vessels linked to Iranian petroleum exports. It is the latest in a long string of actions aimed at Tehran's sanctioned oil trade, which is a financial lifeline for the Iranian regime.
Maritime Executive: An American Energy Company is Preparing to Drill for Oil in Greenland
U.S. President Donald Trump has repeatedly called for the annexation of Greenland on national security grounds, noting the increased activity of other powers in the region. Greenland's rich deposits of rare earth elements also come up in the heated debate over the island's ownership.
Seatrade Maritime: Long-term charters may explain Zim’s premium price
Amid industry debate on whether Hapag-Lloyd is over-paying for the Israeli carrier, Zim, Alphaliner offer some explanation for the high price.
Splash247: Jeremy Nixon hands reins of ONE to Till Ole Barrelet after eight‑year run
Jeremy Nixon, who has been CEO of Japanese liner Ocean Network Express (ONE) since it was founded in 2018, will move aside at the start of July, with Till Ole Barrelet, formerly head of Emirates Shipping Line (ESL), taking over. Nixon will stay on as a senior advisor.
Splash247: Lloyd’s Agency Network moves to Lloyd’s List Intelligence
Commercial insurance market Lloyd’s will transfer management of the Lloyd’s Agency Network to Lloyd’s List Intelligence (LLI) from April, bringing one of shipping’s longest-running portside information networks under the control of the maritime data provider.
Freightwaves: WiseTech Global cutting 30% of workforce in AI restructure
CargoWise software maker plans two-year restructuring